He has authored dozens of articles and three books on topics ranging from option theory to risk management. The following are recent articles published in the Financial Analysts Journal, for the Association of Investment Management and Research (AIMR).

Understanding and Monitoring the Liquidity Crisis Cycle. Explores the crisis that led to the downfall of the Connecticut-based hedge fund, Long-Term Capital Management, by defining the stages of the liquidity crisis and analyzing the possibilities of avoiding this type of crisis in the future.

Risk Management in Complex Organizations. Poses the question, "How do you manage risks that you don't know exist, but may inevitably occur?" By identifying characteristics of risk management, you can increase your ability to react to virtually any type of risk.

A Framework for Understanding Market Crisis. The key to truly effective risk management lies in the behavior of markets during times of crisis, when investment value is most at risk. Observing markets under stress teaches important lessons about the role and dynamics of markets and the implications for risk management.
An earlier version of this paper was awarded the Roger F. Murray Prize by the Institute for Quantitative research in Finance.